Despite currently generating around $3 million in annual recurring revenue per month, the forthcoming funding round could give Perplexity a valuation multiple of around 150 times its ARR. This is comparable to other generative AI startups that have secured multi-million investments this year. Perplexity's long-term vision is to transform the way people interact with the internet and access information, improving efficiency and productivity.
Key takeaways:
- Generative AI search engine startup Perplexity AI is reportedly close to securing a significant funding round that could value the company at around $500 million.
- The company's search engine uses a fundamentally different approach to traditional search engines, providing answers in a conversational manner based on the user's query and its context.
- Perplexity AI's previous investors include AI luminaries such as Yann LeCun, Ashish Vaswani, Jeff Dean, Andrej Karpathy, Nat Friedman, and Elad Gil.
- Despite currently generating around $3 million in annual recurring revenue per month, the forthcoming funding round could value the startup at around 150 times its ARR, a valuation multiple comparable to other generative AI startups.